Merced, Merced County, California Property Taxes
The median property tax rate in Merced, CA, is 1.07%, which is higher than the national median of 0.99% but lower than the California state median of 1.21%. With the median home value in Merced at $222,190, the typical annual property tax bill amounts to $2,395, slightly below the national median of $2,690. Property taxes in Merced are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Merced's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Merced or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Merced, Merced County, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$2,377
$2,206
Ownwell’s Merced Property Tax Bill Calculator enables homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Merced with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Merced to provide an estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities. For those interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Merced, Merced County, California
Property taxes in Merced, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Merced is 1.07%, which is higher than the U.S. national median of 0.99%. Local government entities within Merced set these rates annually, and they can vary significantly across different neighborhoods. Each year, Merced estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Merced's effective property tax rate to other areas within Merced County and the national median. For comparison, the 95348 zip code has the highest median property tax rate of 1.10%, while the 95340 zip code has the lowest median tax rate of 1.07%. Understanding how these areas compare with Merced provides valuable insights into the varying tax landscape across Merced County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Merced Tax Rate
1.07%
Average Merced County Tax Rate
1.07%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Merced, Merced County, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95340 | 0.99% | 1.03% | 1.07% | 1.09% | 1.15% |
| 95341 | 0.92% | 1.04% | 1.09% | 1.20% | 1.42% |
| 95348 | 0.99% | 1.05% | 1.10% | 1.39% | 1.56% |
Source: Ownwell
Property Tax Assessment Values Across Merced, Merced County, California
In Merced, California, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Merced County Assessor for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Merced, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. The median home price in Merced is $222,190, with tax bills ranging significantly across different zip codes. For instance, the highest median tax bill is $2,910 in the 95348 zip code, while the lowest median tax bill is $1,771 in the 95341 zip code. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Merced helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Merced, Merced County, California
Source: Ownwell
$46,350
$163,707
$281,064
Average Merced Assessed Value
$222,190
Average Merced County Assessed Value
$213,039
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Merced, Merced County, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95340 | $89,564 | $146,958 | $235,792 | $348,152 | $460,282 |
| 95341 | $54,662 | $100,436 | $161,278 | $260,048 | $342,079 |
| 95348 | $96,560 | $159,487 | $256,524 | $338,130 | $410,000 |
Source: Ownwell
Property Tax Bills Across Merced, Merced County, California
Property tax bills in Merced, CA, are determined by assessing the market value of a property and then applying the local tax rate to that value. The assessed value is influenced by factors such as the property's purchase price, improvements made, and comparable sales in the area. In Merced, the median home price is $222,190. Homeowners in the 25th percentile can expect a tax bill around $1,395, while those in the 75th percentile might see bills up to $3,799. For the top 10% of properties, tax bills can reach as high as $5,099. The highest median tax bill in Merced is $2,910 in the 95348 zip code, while the lowest is $1,771 in the 95341 zip code. With the national median property tax rate at 0.99%, understanding these local variations is crucial for homeowners planning their finances. High property taxes can impact monthly mortgage payments and overall affordability, making it essential to consider these costs when purchasing a home.
Average Merced Tax Bill
$2,395
Average Merced County Tax Bill
$2,293
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Merced, Merced County, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95340 | $894 | $1,477 | $2,426 | $3,746 | $5,824 |
| 95341 | $544 | $1,057 | $1,771 | $2,891 | $4,190 |
| 95348 | $984 | $1,716 | $2,910 | $4,344 | $5,245 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | November 30 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | December 10 |
| Due Date #2 | April 10 |
Links | |
|---|---|
| Merced Tax Assessor | |
| Website | common3.mptsweb.com |